Mstc earnings calls.

MSTC Limited reported steady performance in Q3 FY26 with 9.8% revenue growthCurrent reported value: 9.8% revenue growth. No comparable prior figure is available in the source record. to INR 302.67 crore and ~10% PAT growthCurrent reported value: ~10% PAT growth. No comparable prior figure is available in the source record. (excluding prior year exceptional from FSNL disinvestment). The e-commerce segment, contributing ~71% of revenue, grew 9.26% YoY in 9M; however, Q3 showed moderated growth at 4% YoY with 5% sequential decline—a concern management attributes to government auction timing rather than structural issues. Key developments include the CPCB EPR exchange launching Q1 FY27, DGFT gold bullion platform going live, and travel booking platform targeting April launch. MMRPL JV loss narrowed to INR 4.6 crore (share of loss INR 1.05 crCurrent 1.05 Cr. Reported change: -36% QoQ.ore in Q3 vs INR 1.65 crore prior quarter). Management remains optimistic about FY27 with EPR exchange contribution expected from H1, though visibility on exact quantum remains limited. Employee cost inflation (+20% YoY) is flagged as steady-state post wage revision. Capital allocation for surplus cash remains undefined pending future project requirements.